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A viral post on February 6 claims that a trader is “closely linked” to Donald Trump. That opened $150 million in short positions across the crypto market. The post spread quickly on X, with many users warning of an incoming crash. Some posts even said the same trader had made $150 million during the October 2025 drop.
However, later on-chain analysis showed the story was mostly exaggerated. The wallet activity existed but the Trump connection had no verified proof. Additionally, the trader had closed most of the positions earlier, with only small gains or losses.
Viral Posts Spark Panic Narratives
The claims started with several viral posts that showed a large whale shorting Bitcoin, Ethereum and other tokens. The total notional value of the positions was said to be around $150 million. Because the same wallet had traded during the October 2025 crash. Some accounts began calling it a “Trump insider whale.”
🚨BREAKING:
— Crypto Jargon (@Crypto_Jargon) February 6, 2026
A trader closely linked to Trump has opened $150M in short positions across the market.
This same entity made $150M+ during October’s crash in just a few hours.
Not a prediction but positioning like this is worth paying attention to. pic.twitter.com/AqZ1sLsUO3
The narrative spread fast. Many traders assumed the whale had special political knowledge or advance warning. But none of the posts provided any real Trump-linked evidence or his administration. The connection appeared to come from speculation and recycled rumors from past market events.
On-Chain Data Tells a Different Story
Data from on-chain analytics platforms showed a calmer picture. According to trackers, the wallet had already closed most of the short positions hours before the posts went viral. Instead of huge profits, the trader booked only small gains or small losses on those trades.
The activity looked more like short term scalping, not a major directional bet. Some reports also suggested the wallet might be linked to trader Garret Jin. But he denied any insider knowledge or wrongdoing. No official confirmation tied the wallet to him or to any political figure.
No Proof of Trump Connection
The biggest claim in the viral posts was the supposed Trump-link. Yet there was no verifiable evidence to support it. No documents, statements or blockchain data showed any direct connection. Analysts said this type of rumor often shows during volatile markets. When a large trade happens, social media sometimes builds dramatic stories around it. These stories then spread faster than the actual facts. In this case, the “Trump insider” narrative seemed to come from earlier speculation during the October crash. It resurfaced again when the whale opened new positions.
Whale Activity Still Adds to Volatility
Even without the Trump-linked political angle, large leveraged trades can still move the market. Whale positions often increase short term volatility. Especially on derivatives platforms. But analysts say not every big trade signals a crash. As such, many whales simply open and close positions quickly to capture small moves. This latest episode shows how fast rumors can spread in crypto. A single wallet trade turned into a global narrative within hours. But in the end the data told a much more ordinary story.